Yello, ParadiseClub Members! 😎 Have you noticed the recent Bitcoin cycle shift? Let’s unravel the story behind Bitcoin’s current holder dynamics:
💎The 3-5 year cohort of Bitcoin holders, a key long-term metric, peaked at ~15.3% in November but has now dipped to ~13.9%. This subtle shift suggests early signs of distribution in the Bitcoin cycle, though the current price levels don’t seem compelling enough for a mass sell-off just yet. For perspective, during the 2021 Bitcoin bull market peak, short-term holders held ~80% of wealth, while long-term holders dipped below 20%.
💎What’s the view of ParadiseTeam Professional Traders? If similar proportions emerge this cycle, with short-term holders now accounting for ~50%, we could be in the mid-to-late stage of the bull run. This is where things get tricky. While there’s potential for further growth, it’s crucial to tread carefully. If the Bitcoin cycle begins to unwind, the risk of getting stuck at unfavorable levels rises significantly.
Stay focused, patient, and disciplined Paradisers🥂
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